“I’m convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance.”
Steven Paul “Steve” Jobs (/ˈdʒɒbz/; February 24, 1955 – October 5, 2011) was an American entrepreneur, marketer, and inventor, who was the co-founder, chairman, and CEO of Apple Inc. Through Apple, he is widely recognized as a charismatic pioneer of the personal computer revolution and for his influential career in the computer and consumer electronics fields, transforming “one industry after another, from computers and smartphones to music and movies.” Jobs also co-founded and served as chief executive of Pixar Animation Studios; he became a member of the board of directors of The Walt Disney Company in 2006, when Disney acquired Pixar. Jobs was among the first to see the commercial potential of Xerox PARC’s mouse-driven graphical user interface, which led to the creation of the Apple Lisa and, a year later, the Macintosh. He also played a role in introducing theLaserWriter, one of the first widely available laser printers, to the market.
After a power struggle with the board of directors in 1985, Jobs left Apple and founded NeXT, a computer platform development company specializing in the higher-education and business markets. In 1986, he acquired the computer graphics division of Lucasfilm, which was spun off as Pixar. He was credited in Toy Story (1995) as an executive producer. He served as CEO and majority shareholder until Disney’s purchase of Pixar in 2006. In 1996, after Apple had failed to deliver its operating system,Copland, Gil Amelio turned to NeXT Computer, and the NeXTSTEP platform became the foundation for the Mac OS X. Jobs returned to Apple as an advisor, and took control of the company as an interim CEO. Jobs brought Apple from near bankruptcy to profitability by 1998.
As the new CEO of the company, Jobs oversaw the development of the iMac, iTunes, iPod, iPhone, and iPad, and on the services side, the company’s Apple Retail Stores, iTunes Store and the App Store. The success of these products and services provided several years of stable financial returns, and propelled Apple to become the world’s most valuable publicly traded company in 2011. The reinvigoration of the company is regarded by many commentators as one of the greatest turnarounds in business history.
In 2003, Jobs was diagnosed with a pancreas neuroendocrine tumor. Though it was initially treated, he reported a hormone imbalance, underwent a liver transplant in 2009, and appeared progressively thinner as his health declined. On medical leave for most of 2011, Jobs resigned in August that year, and was elected Chairman of the Board. He died of respiratory arrest related to the tumor on October 5, 2011.
Jobs received a number of honors and public recognition for his influence in the technology and music industries. He has been referred to as “legendary,” a “futurist” and a “visionary,” and has been described as the “Father of the Digital Revolution,” a “master of innovation,” “the master evangelist of the digital age” and a “design perfectionist.” [From: Wikipedia.com]
“Deciding what not to do is as important as deciding what to do.”
Apple cofounder Steve Jobs finally succumbed to cancer at the age of 56 on October 5th, leaving behind a legacy that changed the computer, music, film and wireless industries. His once written-off tech company in August briefly topped ExxonMobil as the most valuable U.S. corporation. In that month he resigned as CEO. The Reed College dropout founded Apple in his garage. Jobs created the Macintosh in 1976 and was fired 9 years later after a power struggle with Chief Exec John Sculley. He returned to Apple in 1996. At the time of his death most of his wealth still came from Disney, due to Disney’s purchase of Pixar in 2006; as the largest individual shareholder, he owned about $4.47 billion of Disney stock. [From: Forbes.com]
STEVE JOBS: FROM FOUNDER, TO FIRED, AND BACK AGAIN!
Steve Jobs (who sadly passed away during the time of this writing) had built one of the most successful companies on earth, Apple Inc. In the summer of 2011, Apple passed Exxon to momentarily become the highest valued company in America. It also passed Microsoft in market capitalization, becoming the world’s most valuable tech company. And its founder, Steve Jobs, was a visionary CEO who didn’t just create new products; he created new product categories.
Steve Jobs, along with his business partner Steve Wozniak, famously invented the one of the first personal computers, the Apple, from the little company they had originally launched in their garage in 1976. Jobs was totally dedicated to creating the most amazing computers the world had ever seen. He knew his company was growing faster in some ways than he was, and he knew he needed a good corporate guy to handle the big operation.
Jobs would eventually hire a guy named John Sculley, then President of Pepsi, to become the CEO of Apple Computers. Their working relationship was pretty good at the beginning. But by 1985, the company was having a tough time responding to a slow market. People were not buying as many computers as Apple had hoped. And Sculley had a hard time with Jobs’ management style.
Jobs was a great visionary, but a bit of a loose cannon. He had a temper, a tough time listening to anyone else’s ideas, and (some say) a huge ego. Most people in his situation would struggle with not being arrogant: Jobs was worth a $1 million by the age of 23, $10 million by the age of 24, and $100 million by the age of 25. And his overbearing and erratic style was making him difficult to work with. In time, Sculley and Jobs had a falling out, and by 1985 Jobs faced a situation he could never have imagined: he was forced out of Apple by the guy he had hired.
For Steve Jobs it was a really humiliating public defeat. The company he had built, his baby, had been ripped away from him. In his now-famous commencement address to Stanford University in 2005, Jobs recounted what the experience taught him. Said Jobs, “I really didn’t know what to do for a few months. I was a very public failure, and I even thought about running away from the valley. But something slowly began to dawn on me — I still loved what I did. I had been rejected, but I was still in love. And so I decided to start over. I didn’t see it then, but it turned out that getting fired from Apple was the best thing that could have ever happened to me. The heaviness of being successful was replaced by the lightness of being a beginner again, less sure about everything. It freed me to enter one of the most creative periods of my life.”
What happened next would literally transform the music, movie, phone, and personal computer industry. Jobs realized he loved technology, and started another computer company called NeXT.
As well, in 1986, Jobs bought a little computer graphics division from George Lucas, creator of the Star Wars movies. Lucas called the division “The Graphics Group”. This named was later dropped and the company now operates under a name you might recognize: Pixar. Pixar is now the most celebrated computer animation movie studio, having created 12 movies including Toy Story and Cars, and winning 26 Academy Awards in the process. When Pixar stock went public, Jobs became an instant billionaire.
After Steve Jobs left Apple in 1985, the culture started to change. You see, Jobs was a passionate, idealistic visionary, not a “toe-the-line” corporate guy. Jobs hired people who passionately loved Apple and loved creating world-class products. He wanted to change the world! When Jobs left the company, the heart of the company left with him. Over the next 12 years, as sales and stock declined, John Sculley was eventually forced to resign as CEO of Apple in 1993. Apple was orphaned from strong leadership for the time being.
The interim leadership team was stuck. They realized they needed a new operating system, something that could carry them into the next century and help them compete in the marketplace. After a lot of searching, they found a computer technology company that had the exact operating system that would help them rebound. The irony was that the company and system they bought was NeXT, and the owner was Steve Jobs. After 12 years of wandering the proverbial desert, Jobs was returning to Apple.
In 1996, Steve Jobs sold NeXT to Apple and was named interim CEO in 1997. When Jobs returned to run the show at Apple, he was a wiser and more seasoned leader. His willpower was so strong that any obstacles his team imagined were removed by the force of his vision.
In the following 15 years Jobs literally transformed the music industry by creating legal downloads at $0.99 each through iTunes, and the world’s most popular music MP3 player, the iPod. He took over the smartphone market that RIM created with their BlackBerry and crushed his previous rival with his user-friendly iPhone. And the iPad has basically created the tablet market all by itself, with every other competitor now playing catch-up.
A desert experience only has value if we learn and grow from it. Although we may lose our way or lose sight of the path from time to time, we must not lose our vision for where we want to go. For Jobs, it had been a humbling experience to have been cast out of the empire he had built. The next two companies (NeXT and Pixar) didn’t have the same fast-growth success as Apple; they really struggled in their early years. All of these experiences changed Jobs. When he returned home to Apple, he was more generous with sharing ideas and listening. He had become more collaborative. And all of this helped make him the legendary and unforgettable CEO who revolutionized four industries! [From: Timmarks.com]
“If you don’t love something, you’re not going to go the extra mile, work the extra weekend, challenge the status quo as much.”
The Charity of Steve Jobs
Steve Jobs while he lived was occasionally criticized for not being more charitable—like his compatriot and competitor Bill Gates or Warren Buffett. Hogwash. If you wanted to, you couldn’t account for all the societal good Steve Jobs has done.
Start with his company. Folks who believe economies are a fixed pie must implode as they consider how Steve Jobs (with pal “Woz”) started with an idea and an empty garage and built a firm worth $350 billion. That’s $350 billion in shareholder value that didn’t exist 35 years ago. Poof! Now, tally up his employees’ salaries and benefits. Every one of them, ever—at Apple, NeXT and Pixar. That’s a lot of wealth created out of effectively thin air. Then think about how his employees invested, spent and saved that money. And sure, gave to charities of their choosing.
Oh, but let’s not forget the game-changing wave of innovation Steve was responsible for. He was on the forefront of the PC revolution. You may never own an Apple product in your life or want to own their stock, but Microsoft literally would not be what it is today if not for a sometimes tempestuous rivalry between Steve and Bill Gates. Nor would any other computer firm, software firm, component firm, etc. That competition is what has led computers but also a huge range of personal electronics (not just Apple’s) to be faster, smaller, sometimes bigger (think computer monitors, TVs), exponentially more powerful and all around awesome-saucier.
You can’t possibly wrap your brain around how the world has been vastly improved by those two tinkering away in their separate garages. And the industries and individual firms (and therefore the shareholder value, the jobs, etc.) that simply could not exist today the way they do. My guess is those charities Jobs is criticized for not giving more heavily to can’t, today, create a balance sheet, solicit funds, dig a well or build a schoolhouse without using some product that was created by, inspired by or competed directly against Steve Jobs.
Pixar. If you don’t have kids or have a heart of stone, maybe you don’t appreciate the joy unleashed on the world by Woody, Jessie, Buzz, Sulley, Mike, Nemo, Wall-e, Doug the talking dog, Jack-Jack. I know I’m filled with joy (as are nearby diners) when my three-year-old spends a quiet 90 minutes watching a Pixar movie on my (heavily armored) iPhone in a fine dining establishment.
Oh, and Pixar’s (now Disney’s) shareholder value. And their employees. And their wealth multiplied as they spend, save, invest. And all the merchandising. And the stores that sell the merchandising. And their employees. And apps! A whole cottage industry just around apps! Didn’t exist before—and now exists for products beyond Apple. And those firms and their employees and and and.
While many today spend an inordinate amount of time pontificating their political views or charitable cause of choice, Jobs was mostly interested in creating products that enrich lives and, yes, creating his namesake—jobs. Would that other entrepreneurial-minded folks could be so charitable. Thanks, Steve.
This constitutes the views, opinions and commentary of the author as of October 2011 and should not be regarded as personal investment advice. No assurances are made the author will continue to hold these views, which may change at any time without notice. No assurances are made regarding the accuracy of any forecast made. Past performance is no guarantee of future results. Investing in stock markets involves the risk of loss. [From: Forbes.com]
“Being the richest man in the cemetery doesn’t matter to me. Going to bed at night saying we’ve done something wonderful, that’s what matters to me.”
9 things you didn’t know about the life of Steve Jobs For all of his years in the spotlight at the helm of Apple, Steve Jobs in many ways remains an inscrutable figure — even in his death. Fiercely private, Jobs concealed most specifics about his personal life, from his curious family life to the details of his battle with pancreatic cancer — a disease that ultimately claimed him on Wednesday, at the age of 56.
While the CEO and co-founder of Apple steered most interviews away from the public fascination with his private life, there’s plenty we know about Jobs the person, beyond the Mac and the iPhone. If anything, the obscure details of his interior life paint a subtler, more nuanced portrait of how one of the finest technology minds of our time grew into the dynamo that we remember him as today.
1. Early life and childhood Jobs was born in San Francisco on February 24, 1955. He was adopted shortly after his birth and reared near Mountain View, California by a couple named Clara and Paul Jobs. His adoptive father — a term that Jobs openly objected to — was a machinist for a laser company and his mother worked as an accountant.
Later in life, Jobs discovered the identities of his estranged parents. His birth mother, Joanne Simpson, was a graduate student at the time and later a speech pathologist; his biological father, Abdulfattah John Jandali, was a Syrian Muslim who left the country at age 18 and reportedly now serves as the vice president of a Reno, Nevada casino. While Jobs reconnected with Simpson in later years, he and his biological father remained estranged..
2. College dropout
The lead mind behind the most successful company on the planet never graduated from college, in fact, he didn’t even get close. After graduating from high school in Cupertino, California — a town now synonymous with 1 Infinite Loop, Apple’s headquarters — Jobs enrolled in Reed College in 1972. Jobs stayed at Reed (a liberal arts university in Portland, Oregon) for only one semester, dropping out quickly due to the financial burden the private school’s steep tuition placed on his parents.
In his famous 2005 commencement speech to Stanford University, Jobs said of his time at Reed: “It wasn’t all romantic. I didn’t have a dorm room, so I slept on the floor in friends’ rooms, I returned coke bottles for the 5 cent deposits to buy food with, and I would walk the seven miles across town every Sunday night to get one good meal a week at the Hare Krishna temple.”
3. Fibbed to his Apple co-founder about a job at Atari
Jobs is well known for his innovations in personal computing, mobile tech, and software, but he also helped create one of the best known video games of all-time. In 1975, Jobs was tapped by Atari to work on the Pong-like game Breakout.
He was reportedly offered $750 for his development work, with the possibility of an extra $100 for each chip eliminated from the game’s final design. Jobs recruited Steve Wozniak (later one of Apple’s other founders) to help him with the challenge. Wozniak managed to whittle the prototype’s design down so much that Atari paid out a $5,000 bonus — but Jobs kept the bonus for himself, and paid his unsuspecting friend only $375, according to Wozniak’s own autobiography.
4. The wife he leaves behind Like the rest of his family life, Jobs kept his marriage out of the public eye. Thinking back on his legacy conjures images of him commanding the stage in his trademark black turtleneck and jeans, and those solo moments are his most iconic. But at home in Palo Alto, Jobs was raising a family with his wife, Laurene, an entrepreneur who attended the University of Pennsylvania’s prestigious Wharton business school and later received her MBA at Stanford, where she first met her future husband.
For all of his single-minded dedication to the company he built from the ground up, Jobs actually skipped a meeting to take Laurene on their first date: “I was in the parking lot with the key in the car, and I thought to myself, ‘If this is my last night on earth, would I rather spend it at a business meeting or with this woman?’ I ran across the parking lot, asked her if she’d have dinner with me. She said yes, we walked into town and we’ve been together ever since.”
In 1991, Jobs and Powell were married in the Ahwahnee Hotel at Yosemite National Park, and the marriage was officiated by Kobin Chino, a Zen Buddhist monk.
5. His sister is a famous author Later in his life, Jobs crossed paths with his biological sister while seeking the identity of his birth parents. His sister, Mona Simpson (born Mona Jandali), is the well-known author of Anywhere But Here — a story about a mother and daughter that was later adapted into a film starring Natalie Portman and Susan Sarandon.
After reuniting, Jobs and Simpson developed a close relationship. Of his sister, he told a New York Times interviewer: “We’re family. She’s one of my best friends in the world. I call her and talk to her every couple of days.” Anywhere But Here is dedicated to “my brother Steve..
6. Celebrity romances
In The Second Coming of Steve Jobs, an unauthorized biography, a friend from Reed reveals that Jobs had a brief fling with folk singer Joan Baez. Baez confirmed the the two were close “briefly,” though her romantic connection with Bob Dylan is much better known (Dylan was the Apple icon’s favorite musician). The biography also notes that Jobs went out with actress Diane Keaton briefly.
7. His first daughter When he was 23, Jobs and his high school girlfriend Chris Ann Brennan conceived a daughter, Lisa Brennan Jobs. She was born in 1978, just as Apple began picking up steam in the tech world. He and Brennan never married, and Jobs reportedly denied paternity for some time, going as far as stating that he was sterile in court documents. He went on to father three more children with Laurene Powell. After later mending their relationship, Jobs paid for his first daughter’s education at Harvard. She graduated in 2000 and now works as a magazine writer.
8. Alternative lifestyle In a few interviews, Jobs hinted at his early experience with the psychedelic drug LSD. Of Microsoft founder Bill Gates, Jobs said: “I wish him the best, I really do. I just think he and Microsoft are a bit narrow. He’d be a broader guy if he had dropped acid once or gone off to an ashram when he was younger.”
The connection has enough weight that Albert Hofmann, the Swiss scientist who first synthesized (and took) LSD, appealed to Jobs for funding for research about the drug’s therapeutic use.
In a book interview, Jobs called his experience with the drug “one of the two or three most important things I have done in my life.” As Jobs himself has suggested, LSD may have contributed to the “think different” approach that still puts Apple’s designs a head above the competition.
Jobs will forever be a visionary, and his personal life also reflects the forward-thinking, alternative approach that vaulted Apple to success. During a trip to India, Jobs visited a well-known ashram and returned to the U.S. as a Zen Buddhist.
Jobs was also a pescetarian who didn’t consume most animal products, and didn’t eat meat other than fish. A strong believer in Eastern medicine, he sought to treat his own cancer through alternative approaches and specialized diets before reluctantly seeking his first surgery for a cancerous tumor in 2004.
9. His fortune As the CEO of the world’s most valuable brand, Jobs pulled in a comically low annual salary of just $1. While the gesture isn’t unheard of in the corporate world — Google’s Larry Page, Sergey Brin, and Eric Schmidt all pocketed the same 100 penny salary annually — Jobs has kept his salary at $1 since 1997, the year he became Apple’s lead executive. Of his salary, Jobs joked in 2007: “I get 50 cents a year for showing up, and the other 50 cents is based on my performance.”
In early 2011, Jobs owned 5.5 million shares of Apple. After his death, Apple shares were valued at $377.64 — a roughly 43-fold growth in valuation over the last 10 years that shows no signs of slowing down.
He may only have taken in a single dollar per year, but Jobs leaves behind a vast fortune. The largest chunk of that wealth is the roughly $7 billion from the sale of Pixar to Disney in 2006. In 2011, with an estimated net worth of $8.3 billion, he was the 110th richest person in the world, according to Forbes. If Jobs hadn’t sold his shares upon leaving Apple in 1985 (before returning to the company in 1996), he would be the world’s fifth richest individual.
While there’s no word yet on plans for his estate, Jobs leaves behind three children from his marriage to Laurene Jobs (Reed, Erin, and Eve), as well as his first daughter, Lisa Brennan-Jobs. [From: Yahoo.com]
“Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do. If you haven’t found it yet, keep looking. Don’t settle. As with all matters of the heart, you’ll know when you find it.”
Steve Jobs: The Exclusive Biography
From bestselling author Walter Isaacson comes the landmark biography of Apple co-founder Steve Jobs. In Steve Jobs: The Exclusive Biography, Isaacson provides an extraordinary account of Jobs’ professional and personal life. Drawn from three years of exclusive and unprecedented interviews Isaacson has conducted with Jobs as well as extensive interviews with Jobs’ family members, key colleagues from Apple and its competitors, Steve Jobs: The Exclusive Biography is the definitive portrait of the greatest innovator of his generation. [From: Books.google.com.ph]
“Sometimes when you innovate, you make mistakes. It is best to admit them quickly, and get on with improving your other innovations.”
The Death of Steve Jobs
Jobs died at his Palo Alto, California, home around 3 p.m. on October 5, 2011, due to complications from a relapse of his previously treated islet-cell neuro-endocrine pancreatic cancer, resulting in respiratory arrest. He had lost consciousness the day before, and died with his wife, children, and sisters at his side.
Both Apple and Microsoft flew their flags at half-staff throughout their respective headquarters and campuses. Bob Iger ordered all Disney properties, including Walt Disney World and Disneyland, to fly their flags at half-staff from October 6 to 12, 2011.
His death was announced by Apple in a statement which read:
We are deeply saddened to announce that Steve Jobs passed away today.
Steve’s brilliance, passion and energy were the source of countless innovations that enrich and improve all of our lives. The world is immeasurably better because of Steve.
His greatest love was for his wife, Laurene, and his family. Our hearts go out to them and to all who were touched by his extraordinary gifts.
For two weeks following his death, Apple’s corporate Web site displayed a simple page, showing Jobs’s name and lifespan next to his gray scale portrait. Clicking on the image led to an obituary, which read:
Apple has lost a visionary and creative genius, and the world has lost an amazing human being. Those of us who have been fortunate enough to know and work with Steve have lost a dear friend and an inspiring mentor. Steve leaves behind a company that only he could have built, and his spirit will forever be the foundation of Apple.
An email address was also posted for the public to share their memories, condolences, and thoughts. Over a million tributes were sent, which are now displayed on the Steve Jobs memorial page.
Also dedicating its homepage to Jobs was Pixar, with a photo of Jobs, John Lasseter and Edwin Catmull, and the eulogy they wrote:
Steve was an extraordinary visionary, our very dear friend, and our guiding light of the Pixar family. He saw the potential of what Pixar could be before the rest of us, and beyond what anyone ever imagined. Steve took a chance on us and believed in our crazy dream of making computer animated films; the one thing he always said was to ‘make it great.’ He is why Pixar turned out the way we did and his strength, integrity, and love of life has made us all better people. He will forever be part of Pixar’s DNA. Our hearts go out to his wife Laurene and their children during this incredibly difficult time.
A small private funeral was held on October 7, 2011, of which details were not revealed out of respect to Jobs’s family. Apple announced on the same day that they had no plans for a public service, but were encouraging “well-wishers” to send their remembrance messages to an email address created to receive such messages. Sunday, October 16, 2011, was declared “Steve Jobs Day” by Governor Jerry Brown of California. On that day, an invitation-only memorial was held at Stanford University. Those in attendance included Apple and other tech company executives, members of the media, celebrities, close friends of Jobs, and politicians, along with Jobs’s family. Bono, Yo Yo Ma, and Joan Baez performed at the service, which lasted longer than an hour. The service was highly secured, with guards at all of the university’s gates, and a helicopter flying overhead from an area news station.
A private memorial service for Apple employees was held on October 19, 2011, on the Apple Campus in Cupertino. Present were Cook, Bill Campbell, Norah Jones, Al Gore, and Cold play, and Jobs’s widow, Laurene. Some of Apple’s retail stores closed briefly so employees could attend the memorial. A video of the service is available on Apple’s website.
Jobs is buried in an unmarked grave at Alta Mesa Memorial Park, the only non-denominational cemetery in Palo Alto. He is survived by Laurene, his wife of 20 years, their three children, and Lisa Brennan-Jobs, his daughter from a previous relationship. His family released a statement saying that he “died peacefully”. His sister, Mona Simpson, described his passing thus: “Steve’s final words, hours earlier, were monosyllables, repeated three times. Before embarking, he’d looked at his sister Patty, then for a long time at his children, then at his life’s partner, Laurene, and then over their shoulders past them. Steve’s final words were: OH WOW. OH WOW. OH WOW.” He then lost consciousness and died several hours later. [From: Wikipedia.com]
“Sometimes life hits you in the head with a brick. Don’t lose faith.”
Now Watch His Video:
Steve Jobs’ 2005 Stanford Commencement Address